Community Bankers Trust Corporation (ESXB)

[genlou]

56Chevy, ESXB $5.09.

[OGSPECULATOR]

DAMN!!!

[genlou]

https://www.depositaccounts.com/banks/essex-bank.html

[56Chevy]

Marker:
Community Bankers Tr (ESXB)
$4.44 up 0.035 (0.79%)
Volume: 26,123

[56Chevy]

Common tangible book value per share is: $4.72

P/B is: 0.92

ESXB is currently selling 8% below TBV...nice...it remains on-sale!

The national average of Price to Tangible Book Value for banks like ESXB with $1.15 Billion in assets that are in solid financial condition is 1.42. For ALL banks operating in the state of Virginia the average P/TBV is 1.08. This tells investors that this bank could easily be selling at market between $5.09 on the low end and $6.70 on the high end. Either way this bank has very good headroom for investors to look forward too. If this bank were to be acquired I would expect it to be bought at a premium to TBV.

http://ih.advfn.com/p.php?pid=nmona&article=65296315

Marker:
Community Bankers Trust Corp. (ESXB)
$ 4.34 0.00 (0.00%)
Volume: 19,806

Onward and upward...good luck!

[genlou]

OGSPECULATOR, Net income available to common shareholders was $2.3 million for the fourth quarter of 2014, increasing $446,000, or 24.6%, from the third quarter of 2014 and $1.3 million, or 147.2%, from the fourth quarter of 2013.

[genlou]

OGSPECULATOR,I believe ESXB may hit $5.00 also before earnings are released.

[genlou]

OGSPECULATOR,thank you.Good to see no shares were purchased for under $4.44.ESXB is mailing out earnings reports again.Which points to the fact the bank is doing well.

[OGSPECULATOR]

Insiders are buying!!$

[genlou]

another profitable quarter

[genlou]

OGSPECULATOR,

ESXB looks good. Net income increased 7.0% to $1.7 million for the second quarter of 2014. PPS may hit $5.00 just before third quarters earnings are released.

[OGSPECULATOR]

Volume alert!!!

[genlou]

Hi free bee, glad you joined me on ESXB's board.

[free_bee]

3 insiders bought @ 4.25/@4.26. Better watch out :). Only $4.1 today

http://www.filing4.com/company/1323648/transaction/

[genlou]

Community Bankers Trust Corporation Announces Repayment of Outstanding TARP Preferred Stock
Print
Alert
Community Bankers Trust Corp.. (MM) (NASDAQ:ESXB)
Intraday Stock Chart

Today : Wednesday 23 April 2014
Click Here for more Community Bankers Trust Corp.. (MM) Charts.

RICHMOND, Va., April 23, 2014 /PRNewswire/ -- Community Bankers Trust Corporation (NASDAQ: ESXB), the holding company for Essex Bank, announced today that it has repaid its outstanding TARP preferred stock investment from the United States Department of the Treasury. To effect this repayment, on April 23, 2014, the Company repurchased all 10,680 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, that were outstanding prior to the repayment.
Community Bankers Trust Corporation logo

The Company announced that it also will notify Treasury that it intends to redeem the warrant associated with the TARP preferred stock investment. The Treasury holds a warrant to purchase 780,000 shares of the Company's common stock at an exercise price of $3.40, which it acquired in December 2008.

The Company funded the repurchase of the TARP preferred stock, and will fund the redemption of the associated warrant, through a term loan with SunTrust Bank. The loan, which has a maturity date of April 21, 2017, requires that the Company make quarterly payments of 7.5% of the initial outstanding principal during a six-quarter period beginning with the quarter ending December 31, 2014, quarterly payments of 10% of the initial outstanding principal during the subsequent four-quarter period and the remaining principal amount at maturity. The interest rate on the loan is LIBOR plus 3.5%. The Company will fund payments on the loan through the earnings of its banking subsidiary.

The form of the repurchase was a redemption under the terms of the TARP preferred stock. The Company paid the Treasury $10,861,560, which represented 100% of the par value of the preferred stock repurchased plus accrued dividends with respect to such shares.

The transactions will result in total expected after-tax savings of at least $750,000, based on the Company's prior projections on the repayment of the TARP investment through operating earnings. Prior to the redemption, the TARP preferred stock accrued dividends, paid on an after-tax basis, on a quarterly basis at a rate of 9% per year since February 2014. Interest payments to SunTrust, which will be made prior to giving effect to taxes, will be paid on the initial outstanding principal at the rate of LIBOR plus 3.5%, resulting in a current rate of 3.73%. In addition, the redemption of the TARP investment will have no immediate negative impact on the Bank's capital levels, and the Company's risk-based capital ratios will all remain above the "well capitalized" regulatory thresholds.

Rex L. Smith, III, the Company's President and Chief Executive Officer, stated, "As I have said all along, our plan has been to repay the TARP funds as soon as we could and without any dilution to our shareholders. We have now done that. We are excited with the steps that we have taken this week, as it removes the last remnant of our turnaround period. While we recognize that we are replacing one form of indebtedness with another one, the savings from these steps is significant. It is also confirmation from our regulators and our lender of the confidence in our on-going positive operating performance and strong capital position, both of which contribute to viable long-term strategies and prospects."

About Community Bankers Trust Corporation and Essex Bank

Community Bankers Trust Corporation is the holding company for Essex Bank, a Virginia state bank with 21 full-service offices, 14 of which are in Virginia and seven of which are in Maryland. The Bank also operates two loan production offices in Virginia. The Bank opened a new branch office in Annapolis, Maryland on March 25, 2014 and a branch office at its new headquarters in Richmond, Virginia on April 7, 2014.

[genlou]

19 full-service offices

[genlou]

RICHMOND, Va., April 18, 2014 /PRNewswire via COMTEX/ -- Community Bankers Trust Corporation (NASDAQ: ESXB), the holding company for Essex Bank, announced today that it will release its first quarter 2014 results on Friday, April 25, 2014, before the market opens.

[genlou]

4.04 nice

[genlou]

Will ESXB last quarter financial report push the pps over $4.00,I hope so.